Wednesday, January 31, 2024

Stacey Abrams’ Nonprofit Implodes After Shelling Out Millions In Failed Election Fights

, a group Abrams founded to combat alleged voter suppression in Georgia, will be laying off 75% of its staff and significantly narrowing its scope of operations, the AJC reported. The organization holds $2.5 million in debt but only has $1.9 million in cash, according to the AJC.

Finances haven’t always been an issue for Abrams’ nonprofit.

Fair Fight raised more than $100 million during its first three years of operations, according to AJC. Fair Fight Action, Fair Fight’s political arm, even aired an advertisement during the 2019 Super Bowl promoting Abrams.

Things appear to have begun going downhill for Abrams’ nonprofit after the 2020 election cycle.

Fair Fight Action had more than $21 million in net assets at the end of 2020, according to tax filings. That figure dropped to about $3.4 million in 2021 and again to just over $1.5 million in 2022, tax documents show.

https://www.nationalreview.com/corner/stacey-abramss-organization-is-in-danger-of-going-belly-up-despite-100-million-in-seed-money/

So Stacey's "non-profit" ran out of other people's money. Odd how most of the money donated to these fly-by-night groups always ends up in the pockets of the people who run them. Yes, very odd. A nice deep audit would show how much of the 100 million was used to buy expensive jewelry, plane rides, clothes, expensive meals, booze and entertainment. These groups always end up being cash cows for the so-called leaders. But, it couldn’t happen to a better grifter. Abrams entire existence consists of counting her winning governorship votes and eating at the all you can eat buffet.I guess it just proves that there just wasn't enough voter suppression and victimhood to sustain her organization. Which is the result she always wanted, right? Wrong! She stuffed her bank account like her tray at the Golden Corral Buffet, so it’s time to shut the scam operation down. The goal was to put money in Abrams pocket. Mission accomplished. And all you suckers that gave the crook your money…fooled again.

But this is your typical Democrat way of running a business. Spend more money than what you have in hand, then lay people off to make up the difference.